#PowellRemarks

Jerome Powell again delivered his speech, and the markets reacted as if they had received a cold shower. Appearing at the Economic Club of Chicago, the Fed chief warned that Trump's new tariffs could boost inflation and harm employment. Instead of promising rate cuts, Powell emphasized that the Fed would be patient, observing the situation. Investors were hoping for a dovish tone, but they received a warning about the potential effects of protectionism. The S&P 500 fell by 2.2%, Nasdaq by 3.1%, and tech stocks like Nvidia took a hit. Powell stressed that current market conditions are stable, but did not rule out intervention in the case of more serious disruptions. In short: the Fed does not intend to rescue the market by force, and investors must prepare for greater volatility.